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Are digital funds the future of real estate purchases?

Now in its tenth year of existence, cryptocurrency presents an alternative to cash, checks and credit cards. Existing in the digital world, it relies on strong cryptography to ensure secure financial transactions. Bitcoin led the way and today there are more than 4,000 variants of cryptocurrency.

Like the real estate market, cryptocurrency has also experienced significant growth and a recent devastating crash. Currently, crypto-investors are enjoying a variety of purchase options as it continues on the comeback trail. From coffee to cars to gift cards, the digital assets can be used to buy a variety of consumer products.

For those looking to purchase real estate, specifically a famed mansion in Denver, the seller of the historic home recently announced that he will accept digital currency.

Built in 1896 and touted as “a significant piece of Denver’s history,” the Doyle-Benton House is currently on the market. The sizeable house is named after a gold prospector and the founder of both the National Western Stock Show and Cheyenne Frontier Days.

The current owner is a bitcoin investor and is open to buyers using their digital assets towards a down payment or a portion of the overall payment. From there, the funds would be exchanged for more traditional currency through a bank.

The house, featuring 6,400 square feet of living space and located on the corner of Lafayette and 13th is already attracting interest. The new owner can enjoy the options that come with seven bedrooms and eight bathrooms that even Scrooge McDuck would envy. However, with assets in the digital realm, they will not need a large and expansive room to house their riches.

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